Volery Capital Partners Announces Growth Equity Investment in Leading Clean Energy Focused Asset Manager, Sustainable Develop...
September 10 2020 - 6:00AM
Business Wire
Volery Capital Partners (“Volery”), a private equity firm based
in Greenwich, CT, today announced that it has completed a growth
equity investment in Sustainable Development Capital LLP (“SDCL” or
the “Company”). SDCL is a leading clean energy investment, project
development and advisory asset management business headquartered in
London. Under the terms of the transaction, Volery will become a
minority shareholder of SDCL, investing growth capital to support
the Company’s next phase of expansion. SDCL is led by CEO and
founder, Jonathan Maxwell, who will continue to manage the business
alongside the current management team. A representative of Volery
will join SDCL’s Board of Directors.
SDCL is a leading asset manager investing in clean energy and
energy efficiency projects on behalf of its funds. Its energy
efficiency business creates cost savings and improved environmental
performance for a wide range of public and private sector
counterparties such as the UK’s largest retailer, Tesco, London’s
oldest hospital, St Barts, and many other industrial, financial
services, data center and commercial real estate businesses.
Project types include decentralized power generation (e.g. CHP,
distributed solar), energy efficiency (e.g. LED lighting, HVAC),
and grid efficiency (e.g. smart grid and energy storage). SDCL also
invests in and advises on large-scale renewable energy
projects.
Volery is a private equity firm that provides growth capital to
asset management and other businesses that generate positive
environmental or social impact. Volery is a value-added partner to
best-in-class businesses at an inflection point in their growth
cycle, working closely with management teams to optimize
operations, grow revenue, institutionalize impact & ESG
practices and create long-term value for all stakeholders.
Volery is committed to combating climate change and plans to
make investments in businesses creating market solutions that
accelerate the transition to more energy efficient, renewable and
low carbon alternatives. Volery’s focus on climate resiliency is a
core component of its long-term investment strategy.
“Volery is thrilled to partner with SDCL,” said Emanuel Citron,
a Managing Partner of Volery. “We believe SDCL’s management team,
capabilities and market position enable it to develop and acquire
cheaper, cleaner, more reliable energy efficient systems at scale.
SDCL is a market leader and is helping to demonstrate the economic
advantage of renewable, low carbon and energy efficient solutions,
a critical driver in the fight against climate change. We look
forward to working closely with SDCL’s team and supporting their
expansion efforts.”
“We are very pleased to be partnering with the Volery team and
are looking forward to collaborating and leveraging their expertise
in scaling asset management platforms, allowing us to accelerate
our growth plans and increase the development of clean and
efficient energy solutions, which are critical to the reduction of
greenhouse gas emissions,” said Jonathan Maxwell, Chief Executive
Officer of SDCL.
Volery’s investment in SDCL was made through its previously
announced strategic partnership with Ares Management Corporation
(“Ares”) under which Ares became a minority shareholder of Volery
and agreed to provide capital to support Volery’s operating and
investment activities. Ares is a global alternative investment
manager with approximately $165 billion in assets under management,
pro forma for SSG Capital Holdings Limited which closed on July 1,
2020, and operates integrated businesses across credit, private
equity and real estate.
About Volery Capital Partners
Volery Capital makes growth-oriented investments in
best-in-class asset management businesses and growth-stage
companies that generate measurable positive impact alongside
market-rate financial returns. Volery is a value-added partner to
its portfolio companies, providing strategic support across capital
raising, corporate development, impact measurement & management
and other areas. For more information, visit
www.volerycapital.com.
About Sustainable Development Capital LLP
Sustainable Development Capital LLP is a leading sustainable
energy investment management, development and advisory asset
management business with over £500mm of AUM across its flagship
public vehicle (LSE:SEIT) and private funds. SDCL develops and
acquires projects across the spectrum from greenfield to fully
operational and is headquartered in London with offices in New
York, Hong Kong and Dublin.
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version on businesswire.com: https://www.businesswire.com/news/home/20200910005213/en/
Kenzie Reinoso at Volery Capital: kenzie@volerycapital.com,
617-775-1762
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